Problem: Which of the following is a peripheral transaction? a. income tax expense b. interest expense c. general and administrative expenses d. depreciation expense

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Which of the following is a peripheral transaction?

a. income tax expense

b. interest expense

c. general and administrative expenses

d. depreciation expense

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Our tutors have indicated that to solve this problem you will need to apply the Multi-step Income Statement concept. You can view video lessons to learn Multi-step Income Statement. Or if you need more Multi-step Income Statement practice, you can also practice Multi-step Income Statement practice problems.

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Based on our data, we think this problem is relevant for Professor Birr's class at IUPUI.